i am sick and tired of whales dumping all their coins the moment they see a dip in a chart. For god's sake, if those coins were gold i dont think people would sell them for that cheap. all over the trading platforms, people are trading valuable crypto currencies for even less and less . this is bad for the market why?
- it creates a dip in the charts and it changes the price drastically.
- it freaks out hodlers to sell their coin before the market is able to recover.
- it makes a currency very cheap and its hard to make it profitable again.
- people wont be buying the coins if it becomes too cheap.
- the coin could possibly die out before the market could even catch up.
So before you place an order for your coins, think of its value before thinking of making a quick buck on your investments. its better to sell your coins higher than the value it is at at the moment and remember to only buy coins when the time comes. as all traders know that the supply and demand chain is what makes the market move.